What would happen if a sole director shareholder were to pass away? What would happen with the shares? Who would gain control of the company? These are all questions that need to be answered for anyone who is the sole director shareholder of a business.
You may be aware that elements of The Small Business, Enterprise and Employment Act 2015 are already in force. Those elements include prohibition of bearer shares, and exclusion of a director’s day of birth from the Companies House public register.
In a recently completed deal, Clay Cross printing company, Peppermint Press, has been sold to Worksop-based Bayliss Printing Company, creating a very strong marketing-led Digital and Litho twin site printing business trading as Bayliss Peppermint.
On 01 March 2013, Sheffield-based Gilder Group was sold to car retailer JCT600 for an undisclosed 8 figure sum. Gilders were advised on the deal throughout by Chesterfield law firm, BRM Solicitors.
The Gilder Group, a long standing client of BRM, was the first Volkswagen dealership in the UK and became one of the largest and most successful multi-site car dealerships in South Yorkshire and North East Derbyshire, employing over 550 people and with a turnover in excess of £200m.
2nd February 2012 saw completion of the sale of the hugely successful Honda Motor Car franchise by Chesterfield based Gordon Lamb to Gilder Group. Both companies are among the biggest and most well known car dealerships in South Yorkshire and Derbyshire, and long established and important clients of BRM.